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Following project has following information: a. Sales (in MM$) Year 1: 74,000 Year 2: 68,000 Year 3: 71,000 b. Variable cost (of sales) is

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Following project has following information: a. Sales (in MM$) Year 1: 74,000 Year 2: 68,000 Year 3: 71,000 b. Variable cost (of sales) is estimated at 65% of sales. c. Depreciation is 15,000 per period (period 1 to 3). d. Fixed costs (administrative and selling expenses) are 8,500 per period. e. In period 0 machinery is acquired for 7,000. f. There is credit financing for 60,000, which is amortized in equal parts of 18,000 per period with a financial expense of 5,700 per period. g. In period 2 non-current assets already depreciated are sold for 18,000. h. At beginning of project, working capital is required for 12,000, recovered in period 3. i. Income tax rate is 25%. You must calculate NET CASH FLOW. Please show all figures in your work step by step.

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